#MicroStrategy bought 51,780 $BTC for $4.6 billion at a price of ~$88,627
The company has 331,200 $BTC on its balance sheet, which is almost $30 billion.
That is more then 1% of total BTC supply. Do they know smth?

woah, microstrategy out here playing the long game! 🤯 wonder if they know the secret sauce or just crazy bullish!

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woah, microstrategy out here playing the long game! 🤯 wonder if they know the secret sauce or just crazy bullish! 

And said  in an announcement that the proceeds of the offering will go into the purchase of more BTC.

And said  in an announcement that the proceeds of the offering will go into the purchase of more BTC.

https://www.microstrategy.com/press/microstrategy-announces-pricing-of-convertible-senior-notes-11-20-2024